Agric. Econ. - Czech, 2006, 52(3):101-106 | DOI: 10.17221/5001-AGRICECON

Knowledge and strategic management

J. Hron
Czech University of Agriculture, Prague, Czech Republic

The article summarizes recent developments in the field of knowledge management and its vital influence on strategic management. Knowledge has become a resource of key importance with regard to the competitive advantage of a business. It thus strengthens the resource-based view of competitive advantage and develops it further by providing guidelines for developing, storing, and sharing knowledge within a business with the use of the concept of organisational learning. Tacit and explicit knowledge is distinguished in order to differentiate their contribution towards the competitiveness of a business. Based on these developments major trends affecting current development of strategic management are defined as well as recommendations drawn from the experience of leading subjects in the field.

Keywords: knowledge and strategic management, competence, organisation, information systems

Published: March 31, 2006  Show citation

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Hron J. Knowledge and strategic management. Agric. Econ. - Czech. 2006;52(3):101-106. doi: 10.17221/5001-AGRICECON.
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